Temporal dimension - GRACE
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GRACE is calibrated around a base year (2014 in Nov. 2020). The base year is updated following the latest GTAP database. Then the model can be solved yearly until a future year, such as 2050 and 2100 by updating external variables every year.
| Corresponding documentation | |
|---|---|
| Previous versions | |
| No previous version available | |
| Model information | |
| Model link | |
| Institution | Center for International Climate Research (CICERO), Norway, https://cicero.oslo.no/en. |
| Solution concept | General equilibrium (closed economy) |
| Solution method | SimulationRecursive dynamic solution method |
| Anticipation | |